"Bitcoin Experienced Dump until a 65%, Current Correction Deemed Ordinary"
"Crucially, Bitcoin (BTC) has previously experienced a sharp decline of 65.7% during the 2017 crypto cycle. Compared to the current correction, this is considered a relatively normal occurrence. This month alone, Bitcoin has fallen by 20% and touched the $82,000 level. According to CryptoQuant CEO Ki Young Ju, this is a normal part of the bull run cycle and there is no need to worry about it.
"If you panic sell now, you're probably a beginner. A 30% correction in the Bitcoin bull cycle is common, and it even dropped 53% in 2021 and still recovered to its ATH (all-time high)," he wrote on the X platform.
In detail, in 2017, the price almost reached $20,000 in the last quarter of that year. In addition, the 2020 cycle of this digital asset also experienced a sharp correction of 53%. Young Ju reminded that investing requires a visionary plan. Moreover, he stated that bad investors are those who buy when prices are high and sell when prices are low."
